Using Veritas to Construct the "Per…

29-04-2017 Hits:23816 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:25211 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:24901 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:26441 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:26239 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:28583 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:17937 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:27429 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:27473 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:27678 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:29407 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:29003 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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I think it's safe to assume that the civil unrest in Greece over alleged "austerity" measures is real, and is material. According to CNBC, more than 20,000 protesters struck and marched through the streets. In a country of only 8 million people, that is an awful lot!

Greece strike
Getty Images
Police arrest a demonstrator during a protest march to mark a 24-hour general strike on February 24, 2010 in Athens, Greece.

Additional quotes from this story:

The Socialist government meanwhile hit back at European criticism of Greece's fiscal management, accusing European Union partners of double standards and poor leadership.

The 24-hour general strike grounded flights and disrupted services but stopped short of bringing Greece to a standstill.

Scuffles broke out on the fringe of the protest, with police firing teargas to disperse groups of stone-throwing youths.

"No sacrifices, the rich should pay for the crisis," demonstrators chanted as more than 20,000 marched on parliament in an otherwise peaceful protest...

In a sign of persistent market jitters, Greece's borrowing costs rose on Wednesday after Czech Finance Minister Eduard Janota said Athens would find it impossible to slash its budget deficit as fast as promised...

Deputy Prime Minister Theodoros Pangalos said Italy, France and Belgium had used the same techniques as Greece to mask their true deficits to qualify for the euro zone.

"You simply put some amounts of money in the next year ... it is what everybody did and Greece did it to a lesser extent than Italy for example," Pangalos told BBC World Service radio.

He said Germany was ill-placed to criticize Athens given its behavior during the Nazi occupation of Greece in World War Two, including the looting of central bank gold reserves...

... "Today, Europe's eyes are turned on us," said Yannis Panagopoulos, head of the private sector union GSEE.

"We ask the government not to give in to the desires of the markets, to set people's needs as a priority and adopt a mix of economic and social policies that won't lead to recession but to jobs," he told the rally.

Fitch Ratings on Tuesday downgraded the ratings of Greece's four largest banks, expecting fiscal tightening to weigh on the economy and loan demand, hurting profits.

The strike coincided with a visit by EU officials assessing whether Greece is on track to cut its double-digit deficit.

...

CNBC.com

"The team of inspectors coming from the Commission, the ECB and the IMF ... will get a taste of the dynamic reaction of the Greek workers to the huge pressures from Brussels," centre-left Eleftherotypia newspaper wrote in an editorial.

Under the scrutiny of EU policymakers and markets, the government has so far refused to give in to protesters' demands.

Finance Minister George Papaconstantinou said on Tuesday the cabinet may decide on more measures to cut the deficit after talks with the visiting EU officials.

The first joint walkout by the two major labor federations was the biggest test to the government's resolve since it won October elections.

... Government officials said only about 16 percent of public sector workers walked off the job, but public sector union ADEDY put participation at 90 percent. 

Click here for Youtube video: Reuters and more Reuters

 

Of course, if any one knows to be wary of the MSM slant, it is me. So let's travel around the world to get various perspectives.

From Al Jazeera , the last entity to take a Anglocentric/Eurocentirc slant on things:

 Government officials said only about 16 percent of public sector workers walked off the job, but public sector union ADEDY put participation at 90 percent...

European unrest

The action comes as fears over wages and job security grows among European workers, sparking protests in a number of other countries in the past week.

In France on Wednesday air traffic controllers continued to strike after action began on Tuesday, causing massive delays and cancellations at Paris' two main airports.

The action was called to protest planned reforms that workers fear will lead to losses of jobs and civil servant benefits.

It came as Lufthansa pilots ended a strike in Germany and British Airways cabin crews voted to launch one of their own.

Spanish workers unhappy about plans to raise the retirement age marched on Tuesday but the main protest in Madrid seemed relatively small, in a sign that the country's unions may be weakening.

Portugal's second largest union warned on Monday it would call more strikes if the government extended a public sector wage freeze beyond this year.

Transportation labour unions in the Czech Republic decided on Tuesday to also hold a strike in the capital Prague next Monday in protest against a new value-added tax on their workers' benefits.

The walkouts are the latest signs of a broader unease about jobs and benefits, and what the future holds for a continent struggling to stay competitive on a global scale.

  Look at what's happening in Spain: Spanish trade unions plan massive strikes | Spanish News

 Trade unions in Spain have announced plans to protest against Spanish Prime Minister Jose Luis Rodriguez Zapatero’s failed attempts to save the dwindling Spanish economy that has led to one in five Spaniards being out of a job.

The economy remains in recession after almost two years and with unemployment at 4 million and over one million Spanish households with no bread-winners, the future for Spain looks grim.

Protests are planned for Madrid, Barcelona and Valencia. The strikes were sparked as a result of Zapatero’s proposal to increase the retirement age from 65 to 67, which Spaniards see as an unfair shifted responsability for the country’s financial woes onto the aging and working people.

“They are making a grave error. Raising the retirement age goes against workers’ rights,” said Mr Mendez, leader of the General Worker’s Union (UGT).

Many forecasts predict that the economy in Spain will continue to shrink and unemployment could rise to 22 per cent. The rising budget deficit in Spain has recently prompted bond markets to worry about a similar crisis as the one currently unfodling in Greec

  The Italian perspective on Spain from Circolo Luce Del Sud:

Tens of thousands protest across Spain at Zapatero’s pension reforms

Graham Keeley — –
Tens of thousands of protesters took to the streets across Spain last night in the biggest test of the country’s Socialist Government, which is under pressure.

With a general strike threatened in the summer, the two biggest Spanish unions staged protests in Madrid, Barcelona, Valencia and Alicante.

The Union General de Trabajadores (UGT) and the Confederación Sindical de Comisiones Obreras (CCOO), are planning to stage 57 protests in other parts of the country until next week.

Unions are angry about the Government’s proposed pensions reforms which would extend the legal retirement age from 65 to 67. José Luis Rodríguez Zapatero, the Spanish Prime Minister who recently came under pressure from financial markets to introduce measures to bring the country out of recession, now finds himself threatened by his political allies in the unions.

The protests are the first time that Mr Zapatero has faced street unrest since he came to power in 2004. Leading members of the Prime Minister’s party took part in the protests, a sign that his popularity is dwindling.

Union anger has been mounting because Mr Zapatero changed tack in an effort to convince financial markets that his Socialist Government was serious in its efforts to recover from the worst recession in decades.

Spain’s rising debt has led to concerns that it could follow in the footsteps of Greece, whose budget crisis prompted the European Union to place it under scrutiny.

Don't underestimate the extent of the Spanish strikes. There are a LOT of people involved. I've never seen a US strike of this magnitude...

 

Hey, the French AND the Germans are striking due to the ramifications of a "united" Euroland:

PARIS, France - Disgruntled would-be passengers complained about hundreds of cancelled flights and long airport waits as air traffic controllers began a four-day strike across France on Tuesday.

France's civil aviation agency ordered airlines to cut back half of the flights in and out of Paris' Orly airport and one in four at Charles de Gaulle amid staffing shortages caused by the walkout.

Five unions representing the controllers called the strike to protest plans to integrate European air traffic control, which workers fear will lead to losses of jobs and civil servant benefits.

Fears about future job prospects prompted another strike across the border in Germany this week that disrupted cross-border air traffic. Thousands of pilots at Lufthansa returned to work Tuesday after suspending a strike over concerns that cheaper crews from the German carrier's smaller airlines in other countries could eventually replace them.

Lufthansa warned, however, that the normal flight schedule wasn't likely to resume until Friday. Pilots and management agreed to suspend the strike until March 9 and resume talks.

French union leaders hope the strike in France - coinciding with a seasonal school holiday - will pressure President Nicolas Sarkozy's governing conservatives before next month's regional elections.

  And in Portgual, Portugal Strike Poses Threat - WSJ.com 

LISBON -- Unions representing Portugal's public-sector workers are preparing a national strike to challenge a wage freeze that is key to government efforts to cut a towering budget deficit. But will the unions prevail?

The March 4 strike highlights political challenges faced by the government of Socialist Prime Minister Jose Socrates. In seeking to close a budget gap worth 9.3% of gross domestic product in 2009 - more than three times the European Union's 3% limit – the government is running headlong into union culture.

Europe's weaker financial are groaning under the weight of supporting their vast budget deficits. Greece admitted late last year that its deficit was four times larger than previously thought. Spain and Ireland also face financing problems.

This year's labor action comes after an earlier effort in 2005 and 2006, including wage freezes and pension reforms, also generated a strong backlash from unions. But that action had little effect on the government, which was able to force through its program because it held a majority in parliament until last year.

This time, the government appears to be moving slowly, even though it has the tacit support of the opposition.

The March 4 national strike was called by Frente Comum, a coalition of unions that together represents about 350,000 of Portugal's roughly 500,000 public-sector workers, out of a total population of 10.6 million.

"We're losing purchasing power. We're losing our labor rights," said Ana Avoila, Frente Comum's leader, adding that government workers have seen their purchasing power eroded by nearly 8% in the past decade. The union is calling for a wage hike of 4.5% this year.

Under the budget plan presented on Jan. 26, government workers, including teachers and healthcare professionals, will have their salaries frozen. The wage freeze is one of several measures to reduce the deficit in 2010, including lower subsidies for purchasing new cars and changes to pension rules to penalize early retirement among public-sector employees. A new tax on executive bonuses in the financial sector was one of the few changes to boost revenue.

Before the 2010 plan was presented, debt-ratings agencies had been calling for a big reduction this year in order to meet the EU's demand that the spending gap be under the 3% limit by 2013. Instead, the proposed budget contained a reduction of only 1 percentage point this year and investors responded with a sharp sell-off of Portuguese government bonds.

As I have stated in my previous posts, social unrest will either weaken governments or cause some governments to appear weak. If they don't forcefully respond the markets will consider them incapable of enacting the "recommended" budget cuts. If they do act forcefully, social and civil unrest becomes amplified. There is a very, very slim chance of the Eurozone getting out of this both intact and unscathed. My next post on the topic will trace the correlations and inter-connectedness of the various sovereigns throughout the whole world, and predict who is the most vulnerable and who is subject to the most damage when (not if) the first domino falls.

For more on the Pan-European Sovereign Debt Crisis series, see:

  1. Can China Control the "Side-Effects" of its Stimulus-Led Growth? Let's Look at the Facts - Explains the potential fallout of the excessive fiscal stimulus in China. While not European, it is quite likely to kick off the daisy chain effect.
  2.  The Coming Pan-European Sovereign Debt Crisis - introduces the crisis and identified it as a pan-European problem, not a localized one.
  3. What Country is Next in the Coming Pan-European Sovereign Debt Crisis? - illustrates the potential for the domino effect
  4. The Pan-European Sovereign Debt Crisis: If I Were to Short Any Country, What Country Would That Be.. - attempts to illustrate the highly interdependent weaknesses in Europe's sovereign nations can effect even the perceived "stronger" nations.
  5. The Coming Pan-European Soverign Debt Crisis, Pt 4: The Spread to Western European Countries
  6. The Depression is Already Here for Some Members of Europe, and It Just Might Be Contagious!

  7. The Beginning of the Endgame is Coming???